
Do Kwon just posted 'Terra Ecosystem Revival Plan 2' on Agora... Here's why it's a bad plan. 

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10% of the supply will be airdropped to current LUNA holders, who have bought massive amounts of LUNA for literal pennies and will benefit disproportionately from this airdrop if the new network ever gains a serious amount of value, which is unlikely. (3/7)
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25% of the supply will be airdropped to current UST holders who likely purchased UST for pennies on the dollar. No consideration will be given to pre-attack UST holders who had money in Anchor but panic sold their stake due to death spiral fears. They have been cut out. (4/7)
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There is no mention whatsoever of financial restitution or using TFL funds for the restitution plan that has gained community consensus and has been supported by Binance, Vitalik Buterin, and Justin Sun. UST holders were promised $1 and instead they're getting tokens. (5/7)
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There is no mention of a viable business model to generate revenue on the new chain. UST has been kicked to the curb despite it being the primary mechanism that gave value to LUNA and Terra in the first place. The new Terra has been thrust into the community's hands. (6/7)
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This plan smells of shirking responsibility as the revenue model has not been clear and no debt overhang clearing has been described other than airdropping potentially valueless tokens to UST holders that they didn't ask for. What are your thoughts on this plan? (7/7)
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After some additional thought, I see how airdropping to UST holders might be a good way to give them some value if TFL doesn't have money right now, since the chain could attract additional funding. I still prefer restitution, but there is a silver lining here that I didn't see.
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One major issue I have, though, is the fact that Do recognizes the LUNA inflation/crash issue (and thus the fact that people can scoop up cheap LUNA right now) so he does a pre-attack snapshot airdrop, but doesn't do the same pre-attack airdrop for UST savers who got in at $1.
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People are buying UST right now specifically for this airdrop and it won't help people who were actually affected the most, including panic sellers who dumped at a big loss during the uncertainty.
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End of conversation
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